McDonald's Corporation (SWX:MCD)

McDonald's Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	774	1,085	4,579	2,584	4,709
Cash & Short-Term Investments	774	1,085	4,579	2,584	4,709
Cash Growth	-28.66%	-76.31%	77.22%	-45.13%	36.53%
Accounts Receivable	2,466	2,383	2,488	2,115	1,872
Inventory	61	56	53	52	55.6
Other Current Assets	863	1,074	866	673.4	511.3
Total Current Assets	4,163	4,599	7,986	5,424	7,149
Net Property, Plant & Equipment	42,847	38,634	38,422	36,339	38,273
Goodwill	3,354	3,145	3,040	2,900	2,783
Long-Term Investments	2,820	2,710	1,080	1,065	1,201
Other Long-Term Assets	6,331	6,095	5,618	4,707	4,450
Total Assets	59,515	55,182	56,147	50,436	53,854
Accounts Payable	1,149	1,029	1,103	980.2	1,007
Accrued Expenses	2,021	1,611	1,903	1,631	1,710
Short-Term Debt	-	-	2,192	-	-
Current Portion of Leases	694	636	688	661.1	705.5
Other Current Liabilities	497	585	973	530	597.4
Total Current Liabilities	4,361	3,861	6,859	3,802	4,020
Long-Term Debt	39,973	38,424	37,153	35,904	35,623
Long-Term Leases	14,147	12,888	13,058	12,134	13,021
Other Long-Term Liabilities	2,826	3,807	3,784	4,599	5,792
Total Long-Term Liabilities	56,946	55,119	53,995	52,637	54,435
Total Liabilities	61,307	58,980	60,854	56,439	58,455
Common Stock	17	17	17	16.6	16.6
Treasury Stock	-79,316	-77,375	-74,640	-71,624	-67,810
Additional Paid-in Capital	9,641	9,281	8,893	8,547	8,232
Accumulated Other Comprehensive Income	-2,414	-2,553	-2,456	-2,487	-2,574
Retained Earnings	70,282	66,834	63,480	59,544	57,535
Shareholders' Equity	-1,791	-3,797	-4,707	-6,003	-4,601
Total Liabilities & Equity	59,515	55,182	56,147	50,436	53,854
Total Debt	54,814	51,948	53,091	48,699	49,349
Net Cash (Debt)	-54,040	-50,863	-48,512	-46,115	-44,640
Net Cash Per Share	-75.43	-70.46	-66.25	-62.21	-59.38
Book Value	-1,791	-3,797	-4,707	-6,003	-4,601
Book Value Per Share	-2.50	-5.26	-6.43	-8.10	-6.12
Tangible Book Value	-5,145	-6,942	-7,747	-8,904	-7,384
Tangible Book Value Per Share	-7.18	-9.62	-10.58	-12.01	-9.82

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.